Latest MemeCore (M) Price Analysis

Deep Dive

1. Sector-Wide Meme Coin Weakness (Bearish Impact)

Overview:
The meme coin niche fell 10% on September 22 (CryptoPotato), with MemeCore initially resisting the trend. However, Bitcoin’s 4.3% drop to $112K on October 2 renewed sector-wide pressure, compounded by altcoin dominance slipping to 28.94% (-0.18% weekly).

What this means:
MemeCore’s 270% 60-day gain left it vulnerable to sector rotations. Traders often exit high-beta assets like meme coins first during market uncertainty, as seen in the 22.27% drop in M’s 24h trading volume to $16.7M.

What to watch:
BTC’s price action – A break below $110K could extend meme coin liquidations.

2. Derivatives Market Pressure (Mixed Impact)

Overview:
MemeCore’s derivatives data shows taker sell volume at 66% (AMBCrypto), with open interest down 17% in 24h. This indicates shorts are dominating price action despite M’s 30d rally.

What this means:
The high sell ratio suggests traders are either hedging spot positions or betting on further downside. However, the 44.71 RSI (7-day) shows no extreme overbought conditions, leaving room for volatility in either direction.

Key level:
$2.00 psychological support – A close below could trigger stop-loss orders.

3. Technical Rejection at Key Level (Bearish Impact)

Overview:
MemeCore failed to hold the 38.2% Fibonacci retracement level at $2.13, sliding below its 7-day SMA ($2.23). The MACD histogram turned negative (-0.09672), signaling weakening momentum.

What this means:
The rejection aligns with the 50% retracement zone ($1.88) being tested in July 2025 before rallies. Current price ($2.09) sits between critical Fibonacci levels – sustained trade below $2.13 could see a test of $1.62 (61.8% level).

Conclusion

MemeCore’s dip reflects sector rotation, derivatives positioning, and technical consolidation after massive gains. While the 30d uptrend remains intact, the 24h drop shows how quickly meme coin sentiment can shift with broader market moves.

Key watch: Can M hold above the 50-day EMA ($2.03)? A breakdown here might signal deeper correction toward $1.82 support.

Deep Dive

1. Meme Coin Sentiment Shifts (Mixed Impact)

Overview: Meme coins faced a 10% sector-wide drop on September 22 (CryptoPotato), but MemeCore briefly defied the trend with a 1% gain. Recent volatility reflects fading hype around newer tokens like PEPE and speculative repositioning.

What this means: MemeCore’s partial recovery suggests residual demand from traders rotating into established projects during pullbacks. However, weak spot volume (-16.24% 24h turnover) signals fragile conviction.

2. Technical Rebound from Key Support (Bullish Short-Term)

Overview: MemeCore rebounded near the 38.2% Fibonacci retracement level ($2.13), with RSI (50.03) indicating neutral momentum. The MACD histogram (-0.091) remains bearish, but hourly buying pressure lifted prices above the 30-day SMA ($2.14).

What this means: Short-term traders may be capitalizing on oversold conditions. A sustained hold above $2.14 could target $2.45 (23.6% Fib), while a breakdown below $2.13 risks a drop to $1.87.

What to watch: Hourly closes above the pivot point ($2.32) for bullish confirmation.

3. Regulatory Expansion Progress (Neutral/Bullish)

Overview: MemeCore’s ongoing acquisition of a South Korean KOSDAQ-listed firm (June 5 announcement) aims to secure VASP licensing by late 2025, enabling KRW/$M swaps.

What this means: Progress here could improve institutional access, but delays (common in Korean crypto regulation) or liquidity fragmentation (85% of volume is on PancakeSwap) pose risks.

Conclusion

MemeCore’s 24h dip reflects meme sector turbulence, but its hourly rebound highlights trader interest in key technical levels and long-term regulatory narratives. Key watch: Can MemeCore hold $2.13 support, and will its Korean expansion timeline gain clarity this week?